What you need to know about buying used commercial trucks?

Understanding the used commercial vehicle market The impact of the pandemic on the logistics industry resulted in a production gap. The International Organisation of Motor Vehicle Manufacturers (OICA) released data in 2020 that showed a decrease in global automotive production by 16%. This significant drop resulted in fewer than 78 million vehicles being sold, marking the lowest sales levels since 2010. Therefore,  one of the existing trends in the logistics sector is to buy used commercial trucks. There is a steady rise in the number of used commercial truck buyers owing to several advantages of buying pre-owned trucks used for commercial purposes. Why should you buy used commercial trucks? What to look for when you buy used commercial trucks? How to buy used commercial trucks? In order to buy used commercial trucks, you can do your own research on the used commercial truck dealers available near you or even dealers miles away from you with a good reputation of selling used commercial vehicles. You may also use the help of a middleman or an agency that offers services related to connecting truck dealers and buyers. However, the best solution to buy used commercial trucks is to use an escrow service. Escrow services act as a middleman between the buyer and the seller to ensure timely payments and the delivery of goods. Therefore, using an escrow service to buy used commercial trucks will prevent any discrepancies in the future. Let’s wrap up! The logistics industry is seeing a steady increase in the number of used commercial truck buyers compared to those who prefer new vehicles. Pre-owned trucks used for commercial purposes have advantages including reduced costs, less depreciation and warranty. Cheap commercial trucks for sale are available and all you have to do is check the vehicle history, compile purchase documents and ask for after-sale services. Using an escrow service will be the ideal solution to buy and sell used commercial vehicles as it ensures timely payments and delivery of goods. Axlerate is a unified platform for Logistics and transport management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.